PG&E Corporation (NYSE:PCG) is an industry leader in arson and manslaughter. They also do something with electricity. PCG filed for bankruptcy in January of 2019 after they were unable to pay billions in claims. To call the bankruptcy process a klusterfuk, is generous to all involved. However, that’s all in the rearview mirror. A bunch of […] …read more […]
In numerous columns, and years before that, I have been beating one drum. The stock market is forward looking. It attempts to figure out which firms will control the future, Amazon for instance, and which companies have dropped the ball, IBM for instance. There are numerous examples of this dichotomy, but one I have been harping on […] …read more […]
President Donald Trump’s mushrooming political challenges may signal an electoral washout that alters the composition of the Republican-led Senate. …read more […]
Three other board directors including Sean Shao were also removed at an extraordinary shareholders meeting in Beijing on Sunday, the report https://bloom.bg/38slTRo said. Ying Zeng and Jie Yang will be added as independent board directors, the report added. Luckin Coffee declined to comment. …read more […]
(Bloomberg) — Just over a month after turning more upbeat on the economy, the Bank of Israel is still unlikely to tinker with its near-zero interest rates even as it confronts a renewed surge in Covid-19 cases and strengthening shekel.Coronavirus infections plummeted after the government imposed a near-total shutdown from mid-March through late April, but opening up the economy has brought the disease back to new daily highs. The second wave of contagion is almost certain to complicate plans by the central bank to step aside in favor of a primarily fiscal response to the crisis, forcing investors to reassess …read more […]
Up, up and away they go. Kicking off the second half of the year with a bang, the S&P 500 followed up its best quarter in over 20 years by extending its winning streak to four sessions. That said, given the current climate of uncertainty, predicting what the remainder of 2020 holds can feel like a guessing game. So, maybe it’s time to look at what the insiders are doing. Company owners, presidents and other officers, board members – have a direct line to information that the rest of us don’t usually see. Their positions put them in place …read more […]
As of April 17, the original filing deadline, the IRS had processed 24 million fewer returns than it had last year, the Taxpayer Advocate Service said …read more […]
(Bloomberg) — Luckin Coffee Inc.’s chairman, Charles Zhengyao Lu, was ousted by shareholders from the scandal-plagued Chinese company, just days after surviving an effort by some directors to strip him of control, Chinese web portal 163.com reported, citing unidentified sources.Three other board directors including Sean Shao were also removed at an extraordinary shareholders meeting in Beijing on Sunday, according to the report, and Ying Zeng and Jie Yang will be added as independent board directors.A company representative didn’t immediately respond to a request for comment.The removal of Lu is the culminating step in a major shakeup of top management since …read more […]
WINNIPEG, Manitoba/TORONTO (Reuters) – Six years ago, Canadian oilfield services firm Calfrac Well Services commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion. The Texas billionaire Wilks brothers, already its top shareholder, scooped up more of the company’s debts in June, a regulatory filing showed, preparing to salvage what they can from restructuring. The Canadian industry has borrowed heavily to survive a series of catastrophes, and is facing C$6 billion in refinancing in the next six months, the Bank of Canada said in May. …read more […]
Does the July share price for BlackBerry Limited (TSE:BB) reflect what it’s really worth? Today, we will estimate the… …read more […]
If you are looking to hit a home run in the stock market, the NASDAQ Composite is a good place to start. The index is home to surging technology, internet, and biotech stocks. Despite the adverse effects from COVID-19, the index is up 25% over the past year, and recently hit a new all-time high. Now comes the hard part. How are investors supposed to determine which stocks are poised to take off? Will the current winners continue climbing, or will new high-flyers emerge? Finding the next big one is challenging to say the least. On top of this, there …read more […]
Trader reaction to the minor pivot at $39.36 and the major Fibonacci level at $41.56 will set the near-term tone. …read more […]
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